Nissay Asset Management Corp Japan ADV grew its holdings in shares of PTC Inc (NASDAQ:PTC) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,074 shares of the technology company’s stock after purchasing an additional 984 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in PTC were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of PTC. Signaturefd LLC lifted its stake in PTC by 766.0% during the first quarter. Signaturefd LLC now owns 459 shares of the technology company’s stock valued at $28,000 after buying an additional 406 shares in the last quarter. Citizens Financial Group Inc RI raised its holdings in shares of PTC by 39.1% during the first quarter. Citizens Financial Group Inc RI now owns 616 shares of the technology company’s stock valued at $37,000 after acquiring an additional 173 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of PTC by 323.2% during the fourth quarter. Quadrant Capital Group LLC now owns 694 shares of the technology company’s stock valued at $49,000 after acquiring an additional 530 shares during the period. Aubrey Capital Management Ltd purchased a new stake in shares of PTC in the 1st quarter valued at approximately $110,000. Finally, Cerebellum GP LLC acquired a new position in PTC in the 2nd quarter worth approximately $128,000. Institutional investors own 86.55% of the company’s stock.
PTC stock opened at $85.56 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.86 and a quick ratio of 1.13. PTC Inc has a 52-week low of $43.90 and a 52-week high of $89.07. The company has a 50-day moving average of $79.58 and a two-hundred day moving average of $73.66. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 114.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20.
PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.18. PTC had a net margin of 6.21% and a return on equity of 16.99%. The company had revenue of $352.00 million during the quarter, compared to analysts’ expectations of $333.22 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts expect that PTC Inc will post 1.59 EPS for the current fiscal year.
Several analysts have issued reports on the stock. Bank of America assumed coverage on shares of PTC in a research note on Wednesday, May 27th. They set a “buy” rating on the stock. Citigroup boosted their target price on shares of PTC from $91.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday. Rosenblatt Securities boosted their target price on shares of PTC from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of PTC from $82.00 to $89.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Barclays boosted their target price on shares of PTC from $82.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. PTC currently has an average rating of “Buy” and an average target price of $99.18.
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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